Both companies will be leveraging on their respective regionally based assets, expertise, technology and infrastructure to offer clients a variety of innovative solutions. They will jointly provide a range of services across the drilling, production, maintenance and decommissioning market sectors with a strong focus on subsea production and subsea maintenance services.

The partnership will leverage on mutual strengths -- Proserv’s suite of advanced subsea production equipment and controls and SK Technology’s technical support, resources and assets -- to better support and enhance client projects.

Vivek Arora, Senior Vice President of Business Acquisition at SKPB said, “The partnership with Proserv allows our Group to strengthen the diversity of its range of services to clients, especially in operations and maintenance services. We can now provide clients with more technical expertise and resources to support a range of subsea projects, in particular facility optimisation, to extend lifespan of fields, services and support.

The partnership will also help clients to find smarter ways to navigate through the current changing oil and gas global environment with solutions to improve efficiency and asset obsolescence management.”

David Lamont, Chief Executive Officer at Proserv said, “We’re partnering with a company that is well-respected throughout Asia Pacific and that shares our values and commitment to service excellence. Our specialist capabilities complement SKPB’s diverse range of services, allowing us to further enhance our offering to clients particularly in the subsea services sector, whilst continuing to grow our presence in Malaysia and throughout the Asia Pacific region.

Proserv is a technology services company first and foremost and this partnership firmly underlines our commitment to clients in the region through the delivery of highly reliable, efficient and competitive technology solutions.”